Filing Details

Accession Number:
0001213900-21-041707
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-08-11 17:10:03
Reporting Period:
2021-08-09
Accepted Time:
2021-08-11 17:10:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1674227 Scworx Corp. WORX Services-Miscellaneous Amusement & Recreation (7990) 475412331
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1767842 Sanford Marc Schessel 4 Jacobs Lane
New Paltz NY 12561
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-08-09 50,000 $4.20 208,469 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $.001 Par Value 762,606 Direct
Common Stock, $.001 Par Value 197,820 Indirect See Footnote
Restricted Stock Units 75,000 Direct
Restricted Stock Units 25,000 Direct
Restricted Stock Units 25,000 Direct
Restricted Stock Units 25,000 Direct
Restricted Stock Units 80,000 Direct
Restricted Stock Units 319,000 Direct
Restricted Stock Units 20,000 Direct
Footnotes
  1. Owned of record by Greg Lewis Stivers, Trustee, TSS 2019 Irrevocable Trust. These shares are held in a trust for the benefit of the reporting person's spouse, who is not a trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of. Section 16 or for any other purpose.
  2. These Restricted stock Units ("RSUs") vest in quarterly installments over three years, commencing August 15, 2019.
  3. These RSUs vest only if the Issuer obtains $10M in new recurring revenue on or before 08/15/20.
  4. These RSUs vest if and when the Issuer's stock price attains a volume weighted average price ("VWAP") of$20 per share for 15 consecutive trading days.
  5. These RSU s vest if and when the Issuer's stock price attains a VWAP of $40 per share for 15 consecutive trading days.
  6. The Restricted Stock Units vested in full on 09/17/20.
  7. The Restricted Stock Unites vest in 12 quarterly tranches beginning September 30, 2020
  8. The Restricted Stock Units vested in full on 09/17/20.